R Squared Ltd Acquires New Holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG)

R Squared Ltd bought a new position in Shinhan Financial Group Co., Ltd. (NYSE:SHG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,320 shares of the bank’s stock, valued at approximately $76,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SHG. Pathstone Holdings LLC boosted its position in shares of Shinhan Financial Group by 103.9% during the third quarter. Pathstone Holdings LLC now owns 72,232 shares of the bank’s stock worth $3,060,000 after buying an additional 36,815 shares during the period. Stifel Financial Corp raised its stake in Shinhan Financial Group by 121.8% during the 3rd quarter. Stifel Financial Corp now owns 27,782 shares of the bank’s stock valued at $1,177,000 after acquiring an additional 15,256 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in Shinhan Financial Group by 191.1% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 21,032 shares of the bank’s stock worth $891,000 after acquiring an additional 13,808 shares during the period. Sanctuary Advisors LLC grew its stake in shares of Shinhan Financial Group by 8.7% in the third quarter. Sanctuary Advisors LLC now owns 9,210 shares of the bank’s stock worth $366,000 after purchasing an additional 735 shares in the last quarter. Finally, Creative Planning increased its holdings in shares of Shinhan Financial Group by 21.4% during the third quarter. Creative Planning now owns 121,758 shares of the bank’s stock valued at $5,159,000 after purchasing an additional 21,432 shares during the period. Institutional investors own 7.76% of the company’s stock.

Shinhan Financial Group Stock Performance

SHG stock opened at $35.07 on Friday. The company has a 50-day simple moving average of $35.33 and a 200 day simple moving average of $39.15. The company has a market capitalization of $17.66 billion, a P/E ratio of 5.51, a PEG ratio of 0.51 and a beta of 0.95. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.53. Shinhan Financial Group Co., Ltd. has a fifty-two week low of $29.25 and a fifty-two week high of $46.05.

About Shinhan Financial Group

Shinhan Financial Group Co, Ltd. provides financial products and services in South Korea and internationally. The company operates through six segments: Banking, Credit Card, Securities, Insurance, Credit, and Others. It offers retail banking services, including demand, savings, and fixed deposit-taking; checking accounts; mortgage and home equity, and retail lending; electronic banking and automatic teller machines (ATM); and bill paying, payroll and check-cashing, currency exchange, and wire fund transfer services.